NYSE:OFG OFG Bancorp (OFG) Stock Forecast, Price & News $29.33 +0.13 (+0.45%) (As of 11:09 AM ET) Add Compare Share Share Today's Range$29.03▼$29.4150-Day Range$28.43▼$33.6652-Week Range$22.34▼$34.30Volume16,986 shsAverage Volume252,085 shsMarket Capitalization$1.38 billionP/E Ratio7.86Dividend Yield3.00%Price Target$37.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media OFG Bancorp MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside27.1% Upside$37.00 Price TargetShort InterestHealthy1.13% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.22Based on 5 Articles This WeekInsider TradingSelling Shares$4 M Sold Last QuarterProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.59 out of 5 starsFinance Sector353rd out of 872 stocksState Commercial Banks Industry94th out of 182 stocks 3.5 Analyst's Opinion Consensus RatingOFG Bancorp has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $37.00, OFG Bancorp has a forecasted upside of 27.1% from its current price of $29.10.Amount of Analyst CoverageOFG Bancorp has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.13% of the float of OFG Bancorp has been sold short.Short Interest Ratio / Days to CoverOFG Bancorp has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in OFG Bancorp has recently increased by 37.12%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldOFG Bancorp pays a meaningful dividend of 2.94%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthOFG Bancorp has only been increasing its dividend for 3 years.Dividend CoverageThe dividend payout ratio of OFG Bancorp is 23.59%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, OFG Bancorp will have a dividend payout ratio of 23.53% next year. This indicates that OFG Bancorp will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for OFG. Previous Next 2.3 News and Social Media Coverage News SentimentOFG Bancorp has a news sentiment score of 0.22. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.59 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 5 news articles for OFG Bancorp this week, compared to 2 articles on an average week.Search Interest5 people have searched for OFG on MarketBeat in the last 30 days. This is an increase of 67% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, OFG Bancorp insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,003,571.00 in company stock.Percentage Held by InsidersOnly 3.11% of the stock of OFG Bancorp is held by insiders.Percentage Held by Institutions91.61% of the stock of OFG Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for OFG Bancorp are expected to remain at $3.74 per share in the coming year.Price to Earnings Ratio vs. the MarketThe P/E ratio of OFG Bancorp is 7.80, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.43.Price to Earnings Ratio vs. SectorThe P/E ratio of OFG Bancorp is 7.80, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 60.68.Price to Book Value per Share RatioOFG Bancorp has a P/B Ratio of 1.33. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About OFG Bancorp (NYSE:OFG) StockOFG Bancorp, a financial holding company, provides a range of banking and financial services. It operates through three segments: Banking, Wealth Management, and Treasury. The company offers checking and savings accounts, as well as time deposit products; commercial, consumer, auto leasing, and mortgage lending services; financial planning and insurance services; and corporate and individual trust, and retirement services. In addition, it provides securities brokerage and investment advisory services, including various investment alternatives, such as tax-advantaged fixed income securities, mutual funds, stocks, and bonds to retail and institutional clients; and separately-managed accounts and mutual fund asset allocation programs. Further, the company engages in the insurance agency and reinsurance businesses; administration and servicing of retirement plans; various treasury-related functions with an investment portfolio consisting of mortgage-backed securities, obligations of U.S. government sponsored agencies, and U.S. Treasury securities and money market instruments; and management and participation in public offerings and private placements of debt and equity securities. Additionally, it offers money management and investment banking services; and engages in the asset/liability management activities, such as purchases and sales of investment securities, interest rate risk management, derivatives, and borrowings. OFG Bancorp was founded in 1964 and is headquartered in San Juan, Puerto Rico.Read More OFG Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart OFG Stock News HeadlinesOctober 4, 2023 | markets.businessinsider.comOFG Bancorp (OFG) Receives a Buy from Wells FargoSeptember 29, 2023 | americanbankingnews.comInsider Selling: OFG Bancorp (NYSE:OFG) Director Sells 21,100 Shares of StockOctober 4, 2023 | Wall Street Fundamentals (Ad)Would Buffett Approve of This Growth Strategy?Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.September 26, 2023 | americanbankingnews.comOFG Bancorp (NYSE:OFG) Stock Crosses Above Two Hundred Day Moving Average of $27.52September 23, 2023 | seekingalpha.comOFG Bancorp: Recovered Well From The Banking Crisis, But Nothing To See HereSeptember 22, 2023 | finance.yahoo.comOFG Bancorp to Report 3Q23 Results and Hold Call Friday, October 20, 2023September 7, 2023 | finance.yahoo.com6 Reasons Why OFG Bancorp (OFG) Stock is Worth Betting onAugust 24, 2023 | finance.yahoo.comCitigroup (C) Aided by NII, Streamlining Efforts Amid Cost WoesOctober 4, 2023 | Wall Street Fundamentals (Ad)Would Buffett Approve of This Growth Strategy?Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.August 11, 2023 | finance.yahoo.comRecent Price Trend in OFG (OFG) is Your Friend, Here's WhyAugust 11, 2023 | finance.yahoo.comWhat Makes OFG (OFG) a New Strong Buy StockAugust 10, 2023 | finance.yahoo.com5 Red Hot Stocks to Buy NowAugust 10, 2023 | seekingalpha.comOFG Bancorp 2023 Q2 - Results - Earnings Call PresentationJuly 27, 2023 | seekingalpha.comOFG Bancorp declares $0.22 dividendJuly 26, 2023 | finance.yahoo.comAre You Looking for a Top Momentum Pick? Why OFG Bancorp (OFG) is a Great ChoiceJuly 24, 2023 | finance.yahoo.comEarnings Estimates Moving Higher for OFG (OFG): Time to Buy?July 23, 2023 | finance.yahoo.comOFG Bancorp (NYSE:OFG) Q2 2023 Earnings Call TranscriptJuly 22, 2023 | gurufocus.comOFG Bancorp: A Comprehensive GF Score AnalysisJuly 21, 2023 | markets.businessinsider.comAnalysts’ Opinions Are Mixed on These Financial Stocks: OFG Bancorp (OFG), Nasdaq (NDAQ) and East West Bancorp (EWBC)July 20, 2023 | finance.yahoo.comOFG Bancorp (OFG) Q2 Earnings and Revenues Beat EstimatesJuly 20, 2023 | msn.comOFG Bancorp GAAP EPS of $0.93 beats by $0.04, revenue of $170.5M beats by $4.96MJuly 20, 2023 | finance.yahoo.comOFG Bancorp Reports 2Q23 ResultsJuly 19, 2023 | benzinga.comEarnings Preview: OFG BancorpJuly 18, 2023 | finance.yahoo.comOFG (OFG) Is a Great Choice for 'Trend' Investors, Here's WhyJuly 5, 2023 | finance.yahoo.comInvesting in OFG Bancorp (NYSE:OFG) three years ago would have delivered you a 125% gainJune 27, 2023 | finance.yahoo.comOFG Bancorp to Report 2Q23 Results and Hold Call Thursday, July 20, 2023June 6, 2023 | finance.yahoo.comThe Doctors Company Names Christa Steele, MBA, to Board of GovernorsSee More Headlines Receive OFG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for OFG Bancorp and its competitors with MarketBeat's FREE daily newsletter. Email Address OFG Company Calendar Ex-Dividend for 7/17 Dividend6/29/2023Dividend Payable7/17/2023Last Earnings7/20/2023Ex-Dividend for 10/16 Dividend9/28/2023Today10/04/2023Dividend Payable10/16/2023Next Earnings (Confirmed)10/20/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry State commercial banks Sub-IndustryRegional Banks SectorFinance Current SymbolNYSE:OFG CUSIP67103X10 CIK1030469 Webwww.orientalbank.com Phone(787) 771-6800Fax787-771-6770Employees2,253Year FoundedN/APrice Target and Rating Average Stock Price Forecast$37.00 High Stock Price Forecast$37.00 Low Stock Price Forecast$37.00 Forecasted Upside/Downside+26.7%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$3.73 Trailing P/E Ratio7.83 Forward P/E Ratio7.81 P/E GrowthN/ANet Income$166.24 million Net Margins25.19% Pretax Margin36.88% Return on Equity16.92% Return on Assets1.79% Debt Debt-to-Equity Ratio0.21 Current Ratio0.91 Quick Ratio0.91 Sales & Book Value Annual Sales$641.30 million Price / Sales2.15 Cash Flow$3.85 per share Price / Cash Flow7.59 Book Value$21.92 per share Price / Book1.33Miscellaneous Outstanding Shares47,130,000Free Float45,665,000Market Cap$1.38 billion OptionableOptionable Beta1.06 (Almost) Everything You Need To Know About The EV MarketClick the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise. Get This Free Report Key ExecutivesMr. Jose Rafael Fernandez (Age 59)Pres, CEO & Vice Chairman Comp: $1.93MMs. Maritza Arizmendi Diaz CPA (Age 55)CPA, Esq., Chief Financial Officer Comp: $742.93kDr. Ganesh Kumar (Age 59)Chief Strategy Officer of U.S. Bus. Comp: $1.34MMr. Cesar A. Ortiz-Marcano CPA (Age 48)CPA, Esq., Chief Risk Officer Comp: $435.31kMr. Patrick J. Haggarty (Age 63)Managing Director of Commercial Banking Comp: $432.49kKrisen Aguirre TorresVP Financial Reporting & Accounting ControlMr. Gary M. FishmanIR ContactMr. Hugh Gonzalez-Robison (Age 43)Gen. Counsel & Assistant Sec. of the Board Ms. Jennifer Zapata NazarioManaging Director of HRGeneral Carlos A. Viña CPA (Age 56)Sr. VP of Oriental Insurance More ExecutivesKey CompetitorsEnterprise Financial ServicesNASDAQ:EFSCBannerNASDAQ:BANRRenasantNASDAQ:RNSTHeartland Financial USANASDAQ:HTLFLakeland FinancialNASDAQ:LKFNView All CompetitorsInsiders & InstitutionsPatrick J HaggartySold 21,100 sharesTotal: $598,396.00 ($28.36/share)Barclays PLCBought 22,454 shares on 9/21/2023Ownership: 0.180%Virginia Retirement Systems ET ALBought 43,500 shares on 8/22/2023Ownership: 0.092%Comerica BankBought 12,471 shares on 8/22/2023Ownership: 0.026%California State Teachers Retirement SystemSold 2,915 shares on 8/21/2023Ownership: 0.119%View All Insider TransactionsView All Institutional Transactions OFG Stock - Frequently Asked Questions Should I buy or sell OFG Bancorp stock right now? 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for OFG Bancorp in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" OFG shares. View OFG analyst ratings or view top-rated stocks. What is OFG Bancorp's stock price forecast for 2023? 1 Wall Street research analysts have issued 1-year price objectives for OFG Bancorp's stock. Their OFG share price forecasts range from $37.00 to $37.00. On average, they predict the company's share price to reach $37.00 in the next twelve months. This suggests a possible upside of 26.7% from the stock's current price. View analysts price targets for OFG or view top-rated stocks among Wall Street analysts. How have OFG shares performed in 2023? OFG Bancorp's stock was trading at $27.56 at the beginning of the year. Since then, OFG shares have increased by 6.0% and is now trading at $29.20. View the best growth stocks for 2023 here. Are investors shorting OFG Bancorp? OFG Bancorp saw a increase in short interest in September. As of September 15th, there was short interest totaling 520,500 shares, an increase of 37.1% from the August 31st total of 379,600 shares. Based on an average daily volume of 217,000 shares, the short-interest ratio is currently 2.4 days. Currently, 1.1% of the company's stock are sold short. View OFG Bancorp's Short Interest. When is OFG Bancorp's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Friday, October 20th 2023. View our OFG earnings forecast. How can I listen to OFG Bancorp's earnings call? OFG Bancorp will be holding an earnings conference call on Friday, October 20th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link. How were OFG Bancorp's earnings last quarter? OFG Bancorp (NYSE:OFG) posted its quarterly earnings results on Thursday, July, 20th. The bank reported $0.93 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.09. The bank had revenue of $170.50 million for the quarter, compared to analysts' expectations of $163.50 million. OFG Bancorp had a trailing twelve-month return on equity of 16.92% and a net margin of 25.19%. How often does OFG Bancorp pay dividends? What is the dividend yield for OFG Bancorp? OFG Bancorp announced a quarterly dividend on Wednesday, July 26th. Investors of record on Friday, September 29th will be given a dividend of $0.22 per share on Monday, October 16th. This represents a $0.88 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend is Thursday, September 28th. Read our dividend analysis for OFG. What ETFs hold OFG Bancorp's stock? ETFs with the largest weight of OFG Bancorp (NYSE:OFG) stock in their portfolio include Roundhill Acquirers Deep Value ETF (DEEP), First Trust SMID Cap Rising Dividend Archievers ETF (SDVY), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), Invesco S&P SmallCap Low Volatility ETF (XSLV), First Trust Small Cap Value AlphaDEX Fund (FYT), iShares US Small Cap Value Factor ETF (SVAL), Timothy Plan US Small Cap Core ETF (TPSC) and VictoryShares US Discovery Enhanced Volatility Wtd ETF (CSF). Is OFG Bancorp a good dividend stock? OFG Bancorp (NYSE:OFG) pays an annual dividend of $0.88 per share and currently has a dividend yield of 2.94%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 23.59%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OFG will have a dividend payout ratio of 23.53% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for OFG. What is José Rafael Fernández's approval rating as OFG Bancorp's CEO? 15 employees have rated OFG Bancorp Chief Executive Officer José Rafael Fernández on Glassdoor.com. José Rafael Fernández has an approval rating of 89% among the company's employees. What other stocks do shareholders of OFG Bancorp own? Based on aggregate information from My MarketBeat watchlists, some companies that other OFG Bancorp investors own include Intelsat (I), Callon Petroleum (CPE), Cleveland-Cliffs (CLF), Range Resources (RRC), Fossil Group (FOSL), Bank of America (BAC), AMC Entertainment (AMC), First Data (FDC), Associated British Foods (ABF) and Coeur Mining (CDE). What is OFG Bancorp's stock symbol? OFG Bancorp trades on the New York Stock Exchange (NYSE) under the ticker symbol "OFG." How do I buy shares of OFG Bancorp? Shares of OFG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is OFG Bancorp's stock price today? One share of OFG stock can currently be purchased for approximately $29.20. How much money does OFG Bancorp make? OFG Bancorp (NYSE:OFG) has a market capitalization of $1.38 billion and generates $641.30 million in revenue each year. The bank earns $166.24 million in net income (profit) each year or $3.73 on an earnings per share basis. How many employees does OFG Bancorp have? The company employs 2,253 workers across the globe. How can I contact OFG Bancorp? OFG Bancorp's mailing address is 254 MUNOZ RIVERA AVENUE, SAN JUAN PR, 00918. The official website for the company is www.orientalbank.com. The bank can be reached via phone at (787) 771-6800, via email at gfishman@ofgbancorp.com, or via fax at 787-771-6770. This page (NYSE:OFG) was last updated on 10/4/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding OFG Bancorp Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.